Great Income stream on a 771Sqm Block
It is hard to find a good return when it comes to residential real estate, but this cash cow is a rare exception. A dependable brick building, the 1960’s 5-pack returns a healthy return income. Situated on a 771m2 block zoned LMR, its a soft residential part of town and just a few minutes walk to Corinda Central Shopping hub and train station.
With rents on the rise, this is a rare opportunity to secure an entire block which is bound to enjoy its best capital growth in the next 10 years. Fully occupied and already generating a solid income stream, there is still scope to increase the rental yield and capitalise on the long term re-development opportunity.
Ideally located in a near city suburb, the building consists of 5 x 2 bedroom, 1 bathroom units and covered car accommodation for 5 vehicles.
1960’s brick 5-pack – 5 x 2 bed, 1 bath, 1 car units
771m2 block with 18m frontage
Walk to Corinda Central Shops & Corinda train station
12km to Brisbane CBD
- Block Of Units
- 10 bed
- 5 bath
- 5 Parking Spaces
- Land is 771 m²
- 5 Garage